BusinessWorld
May 27, 2021 | 8:52 pm
THE AVERAGE power price on the wholesale electricity spot market (WESM) more than doubled this month to average P7.72 per kilowatt hour (kWh) from P3.85 in April, following a surge in demand and supply disruptions, the Independent Electricity Market Operator of the Philippines (IEMOP) said Thursday.
“For the month of May, the market operator noted an increasing demand trend as warmer temperature prevailed throughout the country. As the dry season (progresses), average demand increased from 10,120 MW (megawatts) from the previous month to 11,091 MW in May,” the IEMOP said in a statement Thursday.
The rise in demand was accompanied by lower supply due to generator outages.